The Taxes (Interest Rate) (Amendment) Regulations 2005

• Citation: S.I. 2005/2462
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 2005 and shall come into force on 26th September 2005.

Section 2 Amendment of the Taxes (Interest Rate) Regulations 1989

The Taxes (Interest Rate) Regulations 1989 shall be amended as follows.

Section 3 Amendment of the Taxes (Interest Rate) Regulations 1989

(1) Amend regulation 3(1) (applicable rates of interest on unpaid tax, tax repaid and repayment supplement) as follows.

(2) At the end of sub-paragraph (c) omit “and” .

(3) At the end of sub-paragraph (d) add “; and”.

(4) After that sub-paragraph add—

(e) sections 87 and 88 of the Finance Act 2003.

Section 4 Amendment of the Taxes (Interest Rate) Regulations 1989

(1) Amend regulation 3AB(1) as follows.

(2) At the end of sub-paragraph (d) omit “and” .

(3) At the end of sub-paragraph (e) add “; and”.

(4) After that sub-paragraph add—

(f) section 89 of the Finance Act 2003.